SNAP vs. SOUN

Last updated Jun 13, 2026

SNAP (Snap Inc.) and SOUN (SoundHound AI, Inc.) are both stocks. SNAP operates in Internet Content & Information (Communication Services), while SOUN operates in Software - Application (Technology). Over the past 3 years, SNAP returned -20.12%/yr vs 29.87%/yr for SOUN. At a 0.30 correlation, their price movements are largely independent.

Performance

SNAP vs. SOUN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Snap Inc. (SNAP) and SoundHound AI, Inc. (SOUN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNAP achieves a -34.82% return, which is significantly lower than SOUN's -30.79% return.

SNAP

• 1D: -1.31%
• 1M: -6.24%
• YTD: -34.82%
• 6M: -28.04%
• 1Y: -36.63%
• 3Y*: -20.12%
• 5Y*: -39.35%
• 10Y*: —

SOUN

• 1D: -1.43%
• 1M: -18.05%
• YTD: -30.79%
• 6M: -40.77%
• 1Y: -27.14%
• 3Y*: 29.87%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SNAP vs. SOUN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SNAP Snap Inc.	-34.82%	-25.07%	-36.39%	89.16%	-66.96%
SOUN SoundHound AI, Inc.	-30.79%	-49.75%	835.85%	19.77%	-79.70%

Correlation

The correlation between SNAP and SOUN is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (All Time) Calculated using the full available price history since Apr 28, 2022	0.30

The correlation between SNAP and SOUN shifts across timeframes, from 0.30 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap SNAP : $8.88B SOUN : $2.34B
EPS SNAP : -$0.24 SOUN : -$0.43
PS Ratio SNAP : 1.46 SOUN : 14.72
PB Ratio SNAP : 4.26 SOUN : 5.07
Total Revenue (TTM) SNAP : $6.10B SOUN : $183.99M
Gross Profit (TTM) SNAP : $3.40B SOUN : $69.84M
EBITDA (TTM) SNAP : -$173.71M SOUN : -$124.47M

Return for Risk

SNAP vs. SOUN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SNAP

SNAP Risk / Return Rank: 18
SNAP Sharpe Ratio Rank: 14
SNAP Sortino Ratio Rank: 16
SNAP Omega Ratio Rank: 17
SNAP Calmar Ratio Rank: 22
SNAP Martin Ratio Rank: 20

SOUN

SOUN Risk / Return Rank: 31
SOUN Sharpe Ratio Rank: 28
SOUN Sortino Ratio Rank: 32
SOUN Omega Ratio Rank: 32
SOUN Calmar Ratio Rank: 30
SOUN Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SNAP vs. SOUN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Snap Inc. (SNAP) and SoundHound AI, Inc. (SOUN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SNAP	SOUN	Difference
Sharpe ratio: Return per unit of total volatility	-0.66	-0.34	-0.33
Sortino ratio: Return per unit of downside risk	-0.75	-0.01	-0.74
Omega ratio: Gain probability vs. loss probability	0.91	1.00	-0.09
Calmar ratio: Return relative to maximum drawdown	-0.59	-0.38	-0.22
Martin ratio: Return relative to average drawdown	-1.06	-0.60	-0.46

SNAP vs. SOUN - Sharpe Ratio Comparison

The current SNAP Sharpe Ratio is -0.66, which is lower than the SOUN Sharpe Ratio of -0.34. The chart below compares the historical Sharpe Ratios of SNAP and SOUN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SNAP vs. SOUN - Drawdown Comparison

The maximum SNAP drawdown since its inception was -95.27%, roughly equal to the maximum SOUN drawdown of -93.55%. Use the drawdown chart below to compare losses from any high point for SNAP and SOUN.

Drawdown Indicators

	SNAP	SOUN	Difference
Max Drawdown Largest peak-to-trough decline	-95.27%	-93.55%	-1.72%
Max Drawdown (1Y) Largest decline over 1 year	-62.03%	-72.43%	+10.40%
Max Drawdown (3Y) Largest decline over 3 years	-77.48%	-75.65%	-1.83%
Max Drawdown (5Y) Largest decline over 5 years	-95.27%	—	—
Current Drawdown Current decline from peak	-93.67%	-71.52%	-22.15%
Average Drawdown Average peak-to-trough decline	-60.04%	-66.93%	+6.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.45%	45.29%	-10.84%

Volatility

SNAP vs. SOUN - Volatility Comparison

The current volatility for Snap Inc. (SNAP) is 12.67%, while SoundHound AI, Inc. (SOUN) has a volatility of 17.69%. This indicates that SNAP experiences smaller price fluctuations and is considered to be less risky than SOUN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SNAP	SOUN	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.67%	17.69%	-5.02%
Volatility (6M) Calculated over the trailing 6-month period	41.17%	52.15%	-10.98%
Volatility (1Y) Calculated over the trailing 1-year period	55.41%	80.70%	-25.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.96%	136.27%	-60.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.73%	136.27%	-64.54%

Dividends

SNAP vs. SOUN - Dividend Comparison

Neither SNAP nor SOUN has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both SNAP and SOUN in my portfolio?

SNAP and SOUN have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SNAP or SOUN?

SOUN has higher volatility (17.69%) compared to SNAP (12.67%). In terms of maximum drawdown, SNAP dropped -95.27% vs SOUN's -93.55%.

Which has better risk-adjusted returns?

SOUN currently has the higher Sharpe Ratio (-0.34 vs -0.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.